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MN HF2705
Bill
Status
3/8/2016
Primary Sponsor
Melissa Hortman
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AI Summary
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Updates Minnesota Statutes to include limited liability companies organized under chapter 322C (Minnesota Revised Uniform Limited Liability Company Act) alongside existing references to chapter 322B organizations throughout various statutes.
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Clarifies filing fees for limited liability companies, including a $135 fee for formation articles of organization and specifies that no fee is required for annual renewal filings.
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Adds limited liability companies to definitions of "business entity," "eligible applicants," "officer of the company," and "Minnesota firm" in multiple statutory sections related to business regulation, broadband grants, charter school authorization, and professional licensing.
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Expands service of process provisions to allow service on limited liability company managers and members in addition to registered agents, and specifies a $35 fee for service on the secretary of state.
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Makes technical updates to merger, conversion, and domestication provisions to recognize that foreign limited liability companies may convert to domestic limited liability companies and other organization types under specified conditions.
Legislative Description
Minnesota Statute references updated to include limited liability companies under the Minnesota Revised Uniform Liability company Act, fees clarified, and other clarifying changes made.
Last Action
Second reading
3/23/2016